(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected GL EVENTS for active investors.
NB: investors who followed our recommendation on this same file dated July 26, will be able to maintain the position while taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
The daily data graphic analysis of the GL EVENTS share allows us to identify a short-term bullish trend. In terms of trend indicators, the 20-day moving average acts as a support for prices. Trading volume is increasing, a technical data that supports our anticipation. Showing a strong outperformance compared to the market, the 20-day moving average is preparing to reconquer, and this at a significant angle, its 50-day counterpart (in orange).
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on GL EVENTS stock in the short term.
Active investors will take a long position on the GL EVENTS share price at €18.70 with a target of €21,950 in sight. They will protect their capital by placing a stop at €17,490.
The News Bulletin 247 council
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
